THE INDIAN SOCIETY OF LABOUR ECONOMICS. Www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CCQQFjAA&url=http%3A%2F%2Fwww.sewa.org%2F&ei=KMZ-UL71IcX80QWwooDYCw&usg=AFQjCNFmmitxUnTWxb6UgmsJ89xMi80u9w&sig2=OfrHkPYdVsbnvBFm7y_hCA. Insuring livestock to protect the poor. GENEVA (ILO News) – Livestock supports the livelihoods of one billion poor people around the world.
For many, it is a way to emerge from poverty, but one fraught with risk. Recent innovations have fuelled interest in the potential of insurance to reduce this vulnerability. Despite early failures, technological improvements and growing demand offer hope for “commercially viable and welfare enhancing livestock insurance”, according to Protecting the poor A Microinsurance Compendium Volume 2 , co-published by the ILO and the Munich Re Foundation. Animal death is the biggest risk for poor cattle owners, particularly in drought-prone areas where water and fodder shortages are a major threat. Animals are often the most valuable asset of impoverished households, and their deaths can have disastrous consequences.
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